Logo of Horizon Educational Co.
Horizon Educational Co. starts trading on the Nomu-Parallel Market today, June 2, under the symbol 9603 and ISIN code SA162GR4M1H5, at SAR 54 per share.
The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively, the Saudi Exchange (Tadawul) said in a statement.
The company floated 500,000 shares on Nomu, representing 20% of its 2.5 share million capital. The offering was 681.98% subscribed, Argaam's data showed.
This is the 10th listing on Nomu in 2024. The listings comprised one direct listing and nine offerings to qualified investors.
In 2023, Nomu witnessed 35 listings, including six direct listings and 29 offerings to qualified investors plus one REIT.
Horizon Educational listing will bring the total number of companies on Nomu to 88, in addition to Alwaha REIT Fund.
Company Profile
Horizon Educational was established as a limited liability company in 2007 in Riyadh. It was converted into a closed joint stock company in 2021.
The company's current activities include pre-school and kindergarten education, as well as primary, middle, and secondary education for male and female students through Al-Woroud Educational Complex. In addition, the firm is engaged in other activities such as playground rentals, trips, nurseries, and international tests.
The activities of the company’s subsidiary, Bawabat Al-Ofoq for Operation and Maintenance Co., include cleaning services for government buildings, maintenance and operation of buildings and facilities, as well as maintenance services.
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Company Profile |
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|
Company |
Horizon Educational Co. |
|
Market |
Nomu Parallel Market |
|
Core Activities |
Education |
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Capital |
SAR 20 mln |
|
Capital after IPO |
SAR 25 mln |
|
Number of Shares after Increase |
2.5 mln |
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Par Value |
SAR 10/share |
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Company Shareholders |
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Shareholders |
Before IPO |
Post-IPO |
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Number of Shares (‘000 shares) |
Ownership (%) |
Number of Shares (‘000 shares) |
Ownership (%) |
|
|
Badr Ali Saleh Al-Turki |
1,000 |
50.00% |
1,000 |
40.00% |
|
Jawaher Ibrhim Abdullah Alhargaan |
782 |
39.10% |
782 |
31.28% |
|
Other shareholders (11 shareholders) |
218 |
10.90% |
218 |
8.72% |
|
QFIs |
-- |
-- |
500 |
20.00% |
|
Total |
2,000 |
100% |
2,500 |
100% |
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